Fox Valley home prices November 19th

Fox Valley home prices November 19th.  We have had snow flurries the last few days here in the Fox Valley area of Illinois.  Nothing that sticks though.  Today should be the coldest day and then temperatures will go up and should be 52° by Thanksgiving Day.

We will highlight the communities with the most activity for new and closed prices, financing used, median prices, contracts accepted this week, and 2022 by the month.

New listings this week were pretty consistent.  126 this week compared to 122 the previous week.

Closed listings were up.  176 this week compared to 117 the previous week.

Aurora-New 19 $167,500-$589,000

             Closed-25 $125,000-$530,000

Bolingbrook-New 9 $249,900-$550,000

                      Closed-16 $210,000-$816,929

Geneva-New 3 $310,000-$355,000

              Closed-13 $270,000-$740,000

Naperville-New 25 $317,999-$1,699,900

                   Closed-23 $301,000-$981,000

Plainfield-New 17 $214,900-$646,549

                  Closed-25 $200,000-$1,232,271

St Charles-New 7 $225,000-$525,000

                   Closed-11 $370,000-$965,000

Take a look at the photo above for activity in other communities this week.

Financing used, median prices, and 2,000 SF or more

Median list price this week $392,449, last week $375,000

Closed median price this week $401,500, last week $358,000

Conventional financing was used to close 128 homes at median price $415,750 with 40 days average market time, last week 76 homes at median price $375,806 with 40 days average market time.

Cash was used to close on 26 homes this week at median price $415,500 with 28 days average market time, last week 17 homes at median price $345,000 with 97 days average market time.

FHA financing was used to close 16 homes this week at median price $296,250 with 29 days average market time, last week 18 homes at median price $305,955 with 41 das average market time.

VA financing was used to close on 6 homes this week at median price $359,949 with 27 days average market time, last week 3 homes at median price $385,000 with 5 days average market time.

2,000 square feet or more closed on 108 homes this week at median price $484,750 with 38 days average market time, last week 66 homes at median price $459,995 with 48 days average market time.  Minimum price this week for a 2,000 SF or more was $280,000, last week $235,000.

Conventional financing continues to be the financing most seller’s are looking for and buyer’s are using. 

2022 by the month

Month                     New   Closed   Contracts accepted

January                    422       492               623

February                  523       520               724

March                       734      904               890

April                        1168      966              1334

May                         1101      893               806

June                         1295    1409              1234

July                           955      932               908

August                    1019     1134              1062

September               730       733               698

October                    699       612               646

November                389       475               380

Totals                     9035     9070             9305

New listings are getting lower and they are selling.  If you need to sell it is still a good time.

Check back with us every Saturday for the real estate market update.  At the end of each month we will also take a look back at 2021 and 2020 so you can see how this year is going.

Resources

Click on everything that is bold and underlined.  It will take you to the site for the information.  We try to share the information that you might be looking for.  If there is other information that is not listed here let us know and we will point you in the right direction.

• Types of loans and the process
• VA loans and the requirements
• Current interest rates
• Down payment assistance
• IHDA programs
• Request home valuation
• Sign-up for email alerts
• Search for a home

Check with your loan officer to see what interest rate you will be offered.  It depends on your credit score and other things.  They will explain it to you.

Now is a good time to check into down payment assistance and IHDA programs.

Connect with us onFacebook you can also search for a home there by clicking on “shop now.”

All data provided today is from our Multiple listing service, MRED, LLC.  It changes continuously throughout the day as agents upload their information of new listings, price changes, contract accepted or back on the market.

Contact us

Call us at 630-503-6555.  Your goal is our goal.

Fox Valley home prices November 19th.  Have a Happy Thanksgiving!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101